· We seek to harness the power of new technologies to improve our knowledge management documents and processes, in particular the ability to easily discover previous clauses (from our internal knowledge management system) during creation. The program concludes with a “demo day” where startups present their pitch to an audience of internal customer teams, technology providers, and Slaughters employees. Five climate tech start-ups will each receive £30,000 in legal and business advice. This decision is part of a broader trend in the market, namely that companies are investing in legal technology companies. Clifford Chance, Allen & Overy, CMS, Mishcon de Reya, Wilson Sonsini, Cooley and Rajah & Tann are among a growing list of law firms around the world that are now involved in technology companies. Chris McGaffin, Partner at Slaughter and May, added: “Over the past few years, we have gained considerable expertise working with legal technology companies such as Luminance and those in our 2019 Collaborate cohort. Slaughter and May is ideally positioned to provide a supportive and challenging partner for legal technology developers and entrepreneurs. Together with our clients and relationship companies, we are pleased to be able to help young companies further shape and develop their offerings into the technology of the future. Innovation is essential in modern businesses, as new technologies change entire markets and new business models tear up the scenario, no company can afford to be left behind.
Slaughter and May Collaborate is a legal technology program that gives legal technology developers access to lawyers, test data, and a technology sandbox. For us, innovation can involve new technologies, process improvements, agile resource models, or a combination of these, and lead to a small, incremental process change to a fundamental change in the way a project is managed. Our approach is big-eyed, and by applying a range of methods to deliver services, we are able to meet the needs of our clients while improving the working lives of our employees and making a huge difference inside and outside the company. · Open category: If you think you have a legal technology solution that could support our business in other ways, we`d love to hear from you. Regulatory and legal aspects related to the use of distributed ledger technology in post-trade settlement. Presentations and networking opportunities through Slaughter and May`s existing networks and Fast Forward`s Advisory Board of leading industry and legal experts. Jane Stewart, Head of Knowledge and Innovation at Slaughter and May, concludes: “We are proud and delighted that Collaborate has continued to evolve to meet the needs of our business and a rapidly evolving legal technology market. We regularly test legal technology tools, but Collaborate gives us the opportunity to connect with pioneering legal technology companies that provide solutions to the challenges our lawyers face every day. We want to give our cohort members the opportunity to speak directly to large in-house legal teams. Cohort members have access to our large and diverse global client base and in-house legal teams through our new client innovation network.
Jane Edwarde, Collaborate`s sponsoring partner, said: “The launch of Collaborate this year is really exciting. After working on the program for the past two years, we saw an opportunity to develop both the content and benefits of the program. The updates we have implemented for next year will allow us to better target the use of legal technology within the firm and better support growth and development in the field of legal technology. Supported by the legal experts of our emerging technologies and fintech team in the areas of technology, financial services, intellectual property, data, employment, competition and corporate law. As part of an updated offer for 2022, all cohort members will have the opportunity to test their product. To date, Slaughter and May has supported 17 legal technology companies under the Collaborate program and continues to work with or license from four of the alumni, they said. We want to help you develop, test and develop your new Legal Tech product. When you`re accepted into Slaughter and May Collaborate, you`ll have access to the right people, data, and resources to help your product grow. · Law firms have always relied on physical proximity to encourage learning. Our L&D and innovation teams are working on a project to support our employees` learning experience in a remote/hybrid work environment and would welcome technical solutions that could address this. Slaughter and May is encouraging legal tech companies to apply for the third iteration of its Collaborate incubator.
